Trump’s trade and environment policies are a disaster for carmakers
An ill wind blows through the automotive industry. Yesterday, after the market closed, Rivian reported its results for the second quarter of 2025, and they weren't great. Unlike the last two quarters, Rivian did not make a gross profit, and it's estimating it will have a larger loss this year than first predicted. A day earlier, it was Lucid's turn: The Saudi-backed EV startup also missed analyst estimates for the quarter, and Lucid says it will build fewer cars this year than originally planned